This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
2-bedroom, 2-bathroom apartment of 150 m², energy rating F. Located on largo do Carmo, Santa Maria Maior parish, Lisbon municipality, Lisbon district. This apartment's unique character is enhanced by original Lisbon tiles and a spacious living area that features stunning views of São Jorge Castle, blending history and modernity seamlessly.
The valuation. The asking price of €690,000 is significantly above the fair value of €163,785, indicating an overpriced property by €526,215 (76.3%). This discrepancy suggests a cautionary approach for potential investors. Buy-to-flip angle. A buy-to-flip strategy would be challenging given the current valuation, as the expected resale ceiling is limited by the property's overpriced status and market conditions. Buy-to-let angle. With a gross yield of 4%, an estimated rental income of approximately €2,300 per month makes this property a potential buy-to-let investment. However, the high upfront price may limit overall profit margins.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo do Carmo | Subject | €690,000 | €4,600 | — | 70 | 83 |
| Arroios · 1e62ef | Active | €420,000 | €4,000 | 13.0% | — | 80 |
| rua do Sol À Graça | Active | €338,000 | €5,281 | 14.8% | 60 | 83 |
| travessa Norte À Lapa | Active | €550,000 | €6,471 | 40.7% | 74 | 80 |
| rua Angelina Vidal | Active | €479,900 | €7,383 | 60.5% | 80 | 84 |
| Median comp | €449,950 | €5,876 | 27.7% | 74 | 82 |
Long-term rental This property presents a challenging investment opportunity due to its significant price overvaluation of 76.3% compared to the fair value of €163,785, indicating that the entry cost is excessively high relative to projected returns. With a gross yield of only 4%, the financial viability for long-term rental is compromised, making other investment options more attractive in Lisbon's real estate market. Buy-and-hold The steep gap between the listing price of €690,000 and its fair value suggests that holding onto this property could lead to substantial financial strain, as the investment is unlikely to appreciate in value to justify its cost. The poor return of 4% gross yield further underscores the potential for underwhelming performance in this buy-and-hold strategy. Family rental Targeting family rentals in the central Lisbon area may seem appealing, but the property is severely overpriced, creating a barrier for potential tenants who may seek more reasonably priced accommodation options. Additionally, with a condition rating of 67/100, ongoing maintenance costs may further deter renters, ultimately affecting rental income stability. Not ideal for short-term rental The current pricing structure does not support the feasibility of short-term rental strategies, especially given the significant overvaluation of 76.3%. A better value proposition is essential for competing effectively in the short-term rental market, making this property an unsuitable choice. Not ideal for student housing Given the high listing price of €690,000, this property is misaligned with student housing market expectations, where affordability is typically a key concern for renters. As a result, the significant overpricing effectively removes this strategy from consideration in a market focused on budget-friendly accommodation options.
Tenant turnover risk A tenant stability score of 75/100 suggests potential challenges in retaining tenants, which may lead to increased vacancy rates and higher costs associated with tenant turnover.
